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Problems with Low Hashrate at Hashnest Still Present
17 Oct2014
Hashnest, the Bitcoin cloud mining platform by BitMain, has been having trouble with the hashrate provided by their partner UMISOO for the last few days and the problem apparently still persists. Starting around 12th the hashrate provider UMISOO apparently suffered a power failure resulting in some reduction in the available to the users hashrate. The hashrate drop however has continued and the problem is still present with the actual total hashrate provided by UMISOO reported by Hashnest at just 0.5 THS instead of the normally available 4 THS. This all means that all of the users that have purchased Bitcoin cloud mining hashrate are currently getting much lower actual hashrate than they have paid for. Our test account at Hashnest with 120 GHS shows an average of just about 20 GHS for the last 24 hours and in the last few days the average hashrate we got was not much higher than that number. Getting reported at just about 1/6 of what you have paid for and the problem continuing for days without being resolved is a reason enough for us to recommend to stay away from Hashnest for the moment and if you were considering to invest in hashrate in the platform to think again. There is some talk about the problem being with just the reporting of hashrate as well as compensations from the hashrate provider that will be distributed to the miners, but it is hard to keep a track of what is actually going on as the service operators are not doing great job at keeping the users updated with the current situation.
- Publihsed in: Cloud Mining
- Related tags: Hashnest, Hashnest low hashrate, Hashnest problem, UMISOO, UMISOO hashrate, UMISOO problem
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2 Responses to Problems with Low Hashrate at Hashnest Still Present
Steven
October 17th, 2014 at 00:22
What do you make of the claim that this is merely a hash rate display issue, that earnings are not affected, and that after maintenance the display will be corrected?
admin
October 17th, 2014 at 00:38
The transactions log does seem to show that the is no problem with payments and fees, but the official forum posts at Hashnest do provide contradicting information and it is not very clear what is going on actually… and the graph reporting the hashrate as well as the personal numbers for purchased hashrate are showing lower numbers than they should be for days already.